Diego Company manufactures one product that is sold for $81 per unit. The following information pertains to the company's first year of operations in which it produced 52,000 units and sold 47,000 units.

Variable costs per unit:Manufacturing:Direct materials$20Direct labour$20Variable manufacturing overhead$4Variable selling and administrative$6Fixed costs per year:Fixed manufacturing overhead$936,000Fixed selling and administrative expenses$552,000

7.What is the amount of the difference between the variable costing and absorption costing net operating incomes (losses)?